Rest Less, a Social Enterprise Startup Focussed on the Over 50s, Raises £3 million in Seed Funding
by Startacus Admin
Major investment for 'Rest Less', the jobs, volunteering, advice and money information site for the over 50s
Investment news from Rest Less, a social enterprise startup offering jobs, volunteering and guidance for the over 50s, with the announcement that it has just raised £3 million in seed funding. 
Rest Less launched in December 2018 as an online platform, specifically targeted at the growing population of over 50s. It offers fulfilling opportunities to work, volunteer or find a new career path. Since launch, Rest Less has been on a mission to raise awareness of the challenges faced by this demographic in the workplace.
The investment round was led by QED Investors, a leading boutique venture capital firm based in the US. There was also participation from 1818 Venture Capital alongside a number of angel investors. Early investors in Rest Less include Octopus Ventures.
The investment will be used to continue to build and enhance the Rest Less platform and expand quality services to its users.
%20(1).jpg "Stuart Lewis")
Stuart Lewis, Founder and Chief Executive Officer at Rest Less, commented:
“We are excited to improve and grow the Rest Less platform so we can help more over 50s in the workplace, but also in other areas of their lives. Since launch, we have worked hard to raise awareness of the challenges our audience face, as well as highlighting the many positives they can bring to the workplace and wider society.
‘We want to help this under-served, and under-represented group of individuals navigate the challenging and ever changing employment landscape - as well as helping them to find broader mental and financial well being as a result.”
Yusuf Ozdalga, Partner at QED Investors, added:
“Society is ageing and the employment and financial services landscape for the over 50s is changing with it. This demographic is chronically underserved, which brings exciting business opportunities for those who understand the audience, and who are focussed on helping them achieve what is important to them. Rest Less stood out to QED as a business squarely focussed on championing the needs of its audience and raising awareness of the issues they face. With demographic trends on its side, Rest Less offers that perfect intersection of an exciting business opportunity with a strong social purpose at its core.”
With 20 million adults in the UK aged between 50 and 74 and with 80% of the growth in employment over the last decade coming from the over 50s, we reckon that Rest Less is most certainly one to watch.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Tech Nation calls for tangible support to secure capital, talent, growth and exits needed to accelerate the growth of UK tech in decade ahead.
Glasgow-based This is Milk seeks investment for Neve Learning, its cloud-based Ed-Tech platform that has inclusivity and accessibility at its core.
.jpg)
With the UK facing a clear digital skills gap, Amy Caton, Digital Talent and Impact Senior Manager at BT Group shares some insights on what businesses should do to close that divide.
The lowdown on Berlin-based Beazy and its innovative solution that helps teams to plan, produce and deliver creative content and helps businesses to connect with talented content creators.
The lowdown on Fluffy, the app offering dog training, 24/7 vet messaging and insurance to give pet owners peace of mind and support them with their pet care responsibilities.
Huckletree's new Web3 HQ aims to put London’s West End at the forefront of Britain’s tech superpower ambitions.
Leading sports marketing platform, OpenSponsorship announces move into music sector, the first new vertical industry for the trans-Atlantic martech business.
.jpg)
Kingussie High School scoops first place for Junior and Senior categories at this year’s Growing Future Assets Competition.
The lowdown on Manchester-based Arctic Shores and its innovative recruitment solution to help candidate potential count as much as skills and experience.
With the demand for tattoo removal now greater than ever, specialist NAAMA Studios makes a bid for a further £11m in funding.
Published on: 9th March 2020
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Tech Nation report reveals UK Tech could quadruple in value by 2032 with right conditions 23rd Mar 2023 Tech Nation calls for tangible support to secure capital, talent, growth and exits needed to accelerate the growth of UK tech in decade ahead.
- Neurodiverse learning and training platform Neve shares major six-figure investment opportunity 22nd Mar 2023 Glasgow-based This is Milk seeks investment for Neve Learning, its cloud-based Ed-Tech platform that has inclusivity and accessibility at its core.
- Huckletree opens new London hub for tech companies pioneering Web3 solutions 16th Mar 2023 Huckletree's new Web3 HQ aims to put London’s West End at the forefront of Britain’s tech superpower ambitions.
- OpenSponsorship making its move into the music sector 16th Mar 2023 Leading sports marketing platform, OpenSponsorship announces move into music sector, the first new vertical industry for the trans-Atlantic martech business.
